Trade based on your risk tolerance. Dotted vertical line indicates market cycle’s start through comparison to market cycle psychology chart.
- Short: Price has broken below yellow ascending wedge and confirmed former support as resistance with 3 rejections by bottom trend line.
- Long/Neutral: Price has seemingly broken above orange ascending wedge but has yet to test top trend line as support.
Comment:
Possible that the orange ascending wedge should instead look like this
